Gold (XAU/USD) has retreated from the highs above $1,900 and trades just below that round number. The yellow metal’s fate hinges on Trump’s health while the 21-DMA at $1915 is the level to beat for bulls, FXStreet’s Dhwani Mehta reports. Key quotes “The price action in gold will likely depend on the fresh updates concerning Trump’s health, especially after some of the medical experts noted that the president’s condition may be more severe, given fluctuating oxygen levels and a steroid drug treatment. The safe-haven dollar could regain poise and knockdown gold should Trump’s condition deteriorate. In contrast, gold could extend the bounce in case of early discharge from the hospital.” “Gold’s upside attempts likely to remain capped while it trades below the 21-day Simple Moving Average (DMA) at $1915. Meanwhile, to the downside, the upward-sloping 100-DMA at $1856 could continue to offer support, leaving the prices in a narrow range.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD Price Analysis: Battling 50-HMA after falling wedge breakout FX Street 2 years Gold (XAU/USD) has retreated from the highs above $1,900 and trades just below that round number. The yellow metal’s fate hinges on Trump’s health while the 21-DMA at $1915 is the level to beat for bulls, FXStreet’s Dhwani Mehta reports. Key quotes “The price action in gold will likely depend on the fresh updates concerning Trump’s health, especially after some of the medical experts noted that the president’s condition may be more severe, given fluctuating oxygen levels and a steroid drug treatment. The safe-haven dollar could regain poise and knockdown gold should Trump’s condition deteriorate. In contrast, gold could extend… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
